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Luba_88 [7]
2 years ago
4

In which of the following scenarios is the winner of the auction LEAST likely to suffer from the winner’s curse?

Business
1 answer:
Gnesinka [82]2 years ago
4 0

Answer:

The correct answer is - A son winning his mother’s favorite painting to give her for her birthday.

Explanation:

The winner's curse is a phenomenon that can occur in common value auctions with incomplete information. In short, the winner's curse says that at auction, the winner will tend to pay more. The winner may overpay or be "cursed" in one of two ways: 1) the winning bid exceeds the value of the auctioned good so that the winner is the worst in absolute terms, or 2) the value of the asset is less than the one expected by the bidder, so the bidder may still have a net gain, but it will be worse than expected. However, generally the overpayment will occur only if the winner does not take into account the winner's curse when making an offer (a result that, according to the income equivalence theorem, will not necessarily occur).

In this type of auction, the valuation of the product by the buyer does not depend on the valuations and / or information of others.

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Companies should conduct environmental analyses before beginning to do business internationally in order to evaluate potential f
Nezavi [6.7K]

Companies should conduct environmental analyses before beginning to do business internationally in order to evaluate potential for problems associated with different markets and to develop a strategy for those markets. SWOT matrix plan strategy market product

Explanation:

A SWOT analysis is a major component of strategic campaign strategy.

SWOT is the term for assessing power, vulnerability, opportunities and risks and is an effective tool for the growth, development or preparation of marketing strategies in general.

SWOT analysis is sometimes viewed as the primary strategic phase in the implementation of a marketing strategy. SWOT analysis is disappointingly simplistic given its enormous value.

The program integrates environmental monitoring knowledge and splits it into two elements: internal challenges (force and weakness) and external concerns (opportunities and threats).

5 0
2 years ago
Employees earn vacation pay at the rate of one day per month. During the month of June, 10 employees qualify for one vacation da
Yakvenalex [24]

Answer:

B. Debit Vacation Benefits Expense $1,500; credit Vacation Benefits Payable $1,500

Explanation:

Lets consider all the other options to eliminate them from our choice

Option A: The entry provided debits the vacation benefits expenses and credits the prepaid vacation benefits. The liability for the vacation credit earned by the employees during the month needs to be recorded so this is not an adjustment of an advance vacation benefit.

Option C: The required entry has nothing to do with taxes so not relevant.

Option D: The entry is to record the liability for vacations earned by the employees so an expenses has to be recorded.

Option E: The option reduces the liability and reduces the expenses which is against the requirement of  the question

5 0
2 years ago
Some people have proposed establishing legal standards and regulations to govern safety-critical computer-based systems.
Vesnalui [34]

Answer: A) Give and explain counter-arguments against the arguments for each side.Note: the "counter-arguments" you are asked to give should oppose or answer the arguments on the other side as directly and convincingly as possible. They should not be simply unrelated arguments on the opposite side of the issue.

Explanation: When is talking about security is important to have different views, firstable you need to establish which are going to be your claims, premises or arguments, once you got it is important to search for information which can support your ideas, and once you have found it, counter-arguments are necessary to understand which are your weakest point, you need to know your counter-arguments and how people are likely to attack you, once you know the weak part of your speech you can defend it.

6 0
2 years ago
1. When Heidi Ganahl talks with franchisees about performance expectations and measurements, what part of the management process
Vikki [24]

Answer and Explanation:

Heidi Ganahl is explaining the preparing aspect of the management process. The first management role is the planning component which is the management process.

Heidi, before the new franchise is created, will have to clarify the performance standards and metrics. It will need to include detailed, but easy-to-understand plans, involving strategic planning, to ensure continuity between the new owner and the entire franchise.

4 0
2 years ago
Stefan Ceramics is in the business of selling ceramic vases. It has two​ departments, molding and finishing. Molding department
Mandarinka [93]

Answer:

The following entries would be made.

Stefan Ceramics

Sr. No                Particulars                 Debit                 credit

1               Merchandise Inventory      291600

                Accounts Payable/ Cash                                    291600

For purchase of  720 kgs of tungsten carbide at​ $280 per kg (720*280=291600)

Accounts Payable or cash depending on whether material was purchased for cash or through accounts payable( creditors).

2                 Work In Process               291600  Dr

                                 Merchandise Inventory      291600 Cr

For use of  720 kgs of tungsten carbide . As there is no ending inventory the whole of the material is charged to production.

6 0
2 years ago
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